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Freda
Freda believes that "a hard working person will become successful." She is 47 years old and has three school-aged children. Her ambition in life is to become successful in order to give her children a bright future. Freda owns and manages a small variety store in her village while her husband works at a private company. They help each other to finance their children's education. They hope that their children will all earn a degree and become professionals someday.

Freda aims to improve her variety store to earn sufficient income but due to inadequate capital she is asking for an additional 30,000 PHP to buy more stocks of canned goods, noodles, eggs, junk food, candies, soaps, beverages and soft drinks to sell. Despite problems and difficulties in life, Freda believes that she will make the business viable and profitable someday.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $1175
    Average annual income
  • 894
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Freda to buy more stocks of canned goods, noodles, eggs, junk food, candies, soaps, beverages and soft drinks to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013